Economy

Effectively hedging the stocks in today's share market: CenterPoint Energy, Inc. (CNP)

The stock tapped a 52-week high of US$48.6 while the mean 12-month price target for the shares is US$50. BlackRock Inc. raised its holdings in shares of CenterPoint Energy by 1,521.6% in the 1st quarter. The stock of CenterPoint Energy, Inc.

In related news, CEO Scott M. Prochazka sold 1,000 shares of the company's stock in a transaction that occurred on Monday, July 3rd. Janus Capital Management LLC now owns 3,812,467 shares of the utilities provider's stock valued at $105,110,000 after purchasing an additional 891,785 shares in the last quarter. Summit Global Investments acquired a new stake in CenterPoint Energy in the second quarter worth about $531,000. IFC Holdings Incorporated FL now owns 9,041 shares of the utilities provider's stock worth $211,000 after buying an additional 325 shares during the last quarter. AJO LP grew its position in shares of CenterPoint Energy by 74.9% during the 2nd quarter. Cleararc Capital Inc. now owns 10,542 shares of the utilities provider's stock worth $291,000 after buying an additional 84 shares during the period. Institutional investors own 76.87% of the company's stock.

Several research firms have weighed in on CNP. Zacks Investment Research lowered shares of CenterPoint Energy from a "buy" rating to a "hold" rating in a research report on Monday, January 9th. They set a "neutral" rating and a $29.00 price target on the stock. Royal Bank Of Canada reaffirmed a "hold" rating and issued a $29.00 price objective on shares of CenterPoint Energy in a report on Monday, September 11th. Finally, TheStreet upgraded shares of CenterPoint Energy from a "c+" rating to a "b-" rating in a research report on Tuesday, January 10th. Credit Suisse Group boosted CenterPoint Energy from an "underperform" recommendation to a "neutral" recommendation and boosted their target price for The corporation from $28.82 to $29.00 in a study note on early Mon, Aug 14th. Eight brokerage firms recommended the company shares with a hold recommendation, 1 has released a buy recommendation and 1 has given a strong buy recommendation to the share. Shares of CenterPoint Energy Inc (CNP) have a 7-day moving average of 30.00. The fund held 25,631 stocks of the utilities provider's shares after unloading 310,781 shares through out the period. The stock was sold at an average price of $28.23, for a total transaction of $28,230.00. For the past 5 years, the company's revenue has grown 1%, while the company's earnings per share has grown -7.2%. CenterPoint Energy, Inc. (NYSE:CNP) has risen 25.54% since September 21, 2016 and is uptrending. (NYSE:CNP) opened at 28.10 on Thursday. CenterPoint Energy has a 12 month low of $21.83 and a 12 month high of $30.45. The stock's 50 day moving average is $29.40 and its 200 day moving average is $28.29.

Private Asset Management Inc decreased its stake in Centerpoint Energy Inc (CNP) by 93.59% based on its latest 2017Q2 regulatory filing with the SEC. The utilities provider reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by $0.02. The company has market cap of $12.87 billion. CenterPoint Energy had a ROE of 16.45% and a net profit margin of 6.86%. Its revenue stood at -8.70% a year on average in the period of last five years. The firm's price-to-sales ratio was noted 0.00 in contrast with an overall industry average of 87.74. The EPS growth for the last 5 years is at -11.10% while the predicted EPS growth for the next 5 years is at 6.90%.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, May 16th will be issued a dividend of $0.2675 per share. The ex-dividend date of this dividend was Monday, August 14th.

Currently, the stock carries a price to earnings ratio of 41.2, a price to book ratio of 3.74, and a price to sales ratio of 1.75. CenterPoint Energy's dividend payout ratio (DPR) is presently -245.24%. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & global trademark & copyright law. The legal version of this report can be accessed at https://weekherald.com/2017/09/22/centerpoint-energy-inc-cnp-shares-sold-by-icon-advisers-inc-co.html. The institutional investor held 11,250 shares of the public utilities company at the end of 2017Q2, valued at $308,000, down from 175,497 at the end of the previous reported quarter. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers. It seems that Phillips 66 (NYSE:PSX) might see muted action given an ABR of 2.8 or Hold rating.



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